EU ministers to seek additional funding

Note: This section contains information in English only.
Source: Bloomberg

Today European officials are holding a meeting to discuss additional funding valued at 200 bn euros ($261 billion) through IMF as well as consider mechanisms for implementing fiscal tightening. The main goal of conference is to meet a self-forced deadline for providing extra aid for debt woe. Nevertheless, analysts are cautions regarding effects the meeting will have on markets as there is too much uncertainty. 

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Mon, 19 Dec 2011 08:42:34 GMT

Aussie and Kiwi depreciate amid Kim's death and forthcoming RBA meeting

The Australian national currency dropped against 15 out of its 16 main peers ahead of Reserve Bank's meeting minutes. Both Aussie and Kiwi also experienced downward pressure from concerns over Europe and North Korea's leader Kim Jong-il's death. Australian Dollar lost 0.7%, reaching $0.9911 while its New Zealand's counterpart fell 0.5% to $0.7579. AUD/USD currently is trading at $0.9941 while NZD/USD is trading at $0.7603.

Mon, 19 Dec 2011 08:41:01 GMT

Fitch lowers French credit outlook

Fitch ratings lowered France's national credit outlook and put Italy, Spain, Slovenia, Belgium, Cyprus and Ireland on a review for downgrading due February. Fitch agency's move stimulates pressure on euro zone's officials to solve the 2-year debt turmoil. The main concern is lack of credible financial backing, said Fitch in its statement. 

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